COE 3.19% 22.8¢ cooper energy limited

Calm down SS They are on a winner with the area so oil rich they...

  1. 3,027 Posts.
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    Calm down SS They are on a winner with the area so oil rich they will maximise their resources.
    Some interesting data..
    From Bunian 3 oil flow
    "The TRM3 sand flowed for 2 hours at a stabilized flow rate equivalent to 1,742 Bo/d through a 1/4-inch choke, with a flowing tubing head pressure of 500 psi.
    According to Cooper Energy the flow consisted of oil and gas with no water, and measurements to quantify the gas rate are ongoing.
    The flow rate achieved was limited by the capacity of available surface facilities. Oil flows are being directed to a temporary production facility and produced oil is being trucked directly to market."

    AND

    "The Bunian structure is a four-way, fault bounded anticline defined by the 2011 Sukananti 3D seismic survey. Bunian-3 is located 2,395 feet (730 meters) southwest of Bunian-1 and the primary target is the Talang Akar Formation TRM-3 Sand. The TRM3 sand at Bunian-1 is currently producing approximately 200 barrels of oil per day (bopd) and has cumulatively produced 960,000 barrels oil. Secondary targets in deeper K and M sands will also be evaluated at Bunian-3.

    AND from 2014 announcement...
    We are expecting further growth in our Indonesia production through the contribution anticipated
    from Tangai-3, with further upside potential from opportunities we have identified for drilling" he said.
    A drilling campaign consisting of 2 firm wells (Bunian-3 and Tangai-5) is scheduled to commence later in 2014, with the possibility of a third well (Bunian-4) contingent on outcomes. "
    So Bunian 4 could be cream on the cake. The region wells  potentially can have have upwards of 5 million barrels.
 
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